Select Committee on Education and Skills Third Report


Annex 1

Grant letter 2000

I am making available to the Council £62 million for the start-up and capital costs of the 'e-Universities' project over the three years up to 2003-04. This project is intended to be a collaborative venture between HEIs and the private sector. Whilst investment from private sector partners will also be key source of capital, given the potential benefits to all participants, institutions will also need to determine how much of their own resources are needed for effective participation in this venture.

Grant letter 2001

Over the past year the Government has provided £14m of the £62m allocated at the last spending review for the start up and capital costs of the e-Universities project up to 2003-04. For the remaining two years of this funding I recognise that the Council's involvement in the project will be primarily through channelling funds through the e-Learning Holding Company to then pass on to the main vehicle for delivery, UK eUniversities Worldwide Ltd. The Council should ensure effective mechanisms are in place to secure value for money and fulfilment of the aims and objectives for which the project was originally set up. In particular:

I ask the Council to provide me with a progress report on this innovative project by the end of July 2002.

Grant letter 2003

E-Universities. 2003-04 represents the final year of the £62 million committed to the eUniversities project, comprising £13 million in capital funding and £14 million recurrent. I continue to look to the Council to ensure effective mechanisms are in place to secure value for money and fulfilment of the aims and objectives for which the project was originally set up and to keep me closely informed on progress.



 
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